U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [X] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 1994
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ___________________
_________________________________________________________________
Read Attached Instruction Sheet Before Preparing Form. Please
Print or Type.
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
_________________________________________________________________
If the notification relates to a portion of the filing
checked above, identify the Item(s) to which the notification
relates: _______________________________________________________
____________________________________________________________
_________________________________________________________________
Part I -- Registrant Information
_________________________________________________________________
Full Name of Registrant
Acceptance Insurance Companies Inc.
Former Name if Applicable
N/A
Address of Principal Executive Office (Street and Number)
222 South 15th Street, Suite 600 North, Omaha, Nebraska 68102
_________________________________________________________________
Part II -- Rules 12b-25(b) and (c)
_________________________________________________________________
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25(b) [para. 23,047], the following should be completed.
(Check box if appropriate)
(a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without unreasonable effort
or expense; [X]
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof will
be filed on or before the fifth calendar day following the
prescribed due date; [X]
(c) the accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable. [X]
_________________________________________________________________
Part III -- Narrative
_________________________________________________________________
During 1994 the Plan selected a new trustee to which assets were
transferred from the former trustee. The Plan also merged assets
with the profit-sharing plan of an acquired company during 1994.
Certain accounting information relating to this transfer and
merger, as well a complete and summarized information from the
third party administrator, is still unavailable from the former
trustees as of June 21, 1995. The Registrant's auditors
therefore have not been able to complete its audit at this time
and do not expect to be able to provide its report on the Plan's
financial statements until after June 30, 1995.
_________________________________________________________________
Part IV -- Other Information
_________________________________________________________________
(1) Name and telephone number of person to contact in regard
to this notification
Sylvester J. Orsi (402) 434-7300
(2) Have all other periodic reports required under section
13 or 15(d) of the Securities Exchange Act of 1934 or section 30
of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be included
in the subject report or portion thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change,
both narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot be
made.
ACCEPTANCE INSURANCE COMPANIES INC.
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
/s/ Kenneth C. Coon
Date: June 27, 1995 By ________________________________
Kenneth C. Coon, Chairman and
Chief Executive Officer
<PAGE>
ATTACHMENT
Pfeister & Associates
-------------------
Certified Public Accountants
June 21, 1995
Administrative Committee
Acceptance Insurance Companies Inc.
Employee Stock Ownership and Tax Deferred
Savings Plan
Omaha, Nebraska
We have been engaged to audit the financial statement of the
Acceptance Insurance Companies Inc. Employee Stock Ownership and
Tax Deferred Savings Plan (the Plan) for the year ended
December 31, 1994 to be included in Form 11-K filed with the
Securities and Exchange Commission.
During 1994 the Plan selected a new trustee to which assets were
transferred from the former trustee. The Plan also merged assets
with the profit-sharing plan of an acquired company during 1994.
Certain accounting information relating to this transfer and
merger, as well a complete and summarized information from the
third party administrator, is still unavailable from the former
trustees as of June 21, 1995. We have therefore not been able to
complete our audit at this time and do not expect to be able to
provide our report on the Plan's financial statements until after
June 30, 1995.
/s/ Pfeister & Associates
Pfeister & Associates
Omaha, Nebraska
2800 Woodmen Tower Omaha, NE 68102 telephone 402 346 8200
fax 402 346 8300
